Non profit compliance - PowerPoint PPT Presentation

Not-for-profit organizations, such as educational institutions, public hospitals, and charitable trusts, operate with the main objective of providing services rather than making profits. These organizations rely on various sources of funding like contributions, donations, and grants. Accounting for

4 views • 4 slides

Explore the key concepts of finance for non-financial managers in the non-profit sector. Learn about cost benefit analysis, measures of project worthiness, and essential financial tools such as NPV, IRR, and ROI. Understand how to assess project risks and make informed financial decisions to enhance

1 views • 47 slides

Cost-Volume-Profit (CVP) analysis is a valuable technique that examines the connection between costs, volume, and profits in business operations. By determining the break-even point, setting selling prices, optimizing product mix, and enhancing profit planning, CVP analysis aids in making informed d

0 views • 29 slides

Profit and Loss Account is a crucial financial statement prepared to determine the net profit or loss of a business during a specific accounting period. It involves transferring gross profit or loss from the trading account, recording indirect expenses, including administrative and selling costs, an

0 views • 9 slides

Learn how to calculate profit on incomplete contracts in profit and loss accounts. Discover the rules determining when to credit profits on unfinished contracts, including provisions for potential losses. Follow a practical example to understand the application of these rules.

1 views • 5 slides

Profit is the reward for entrepreneurial functions and differs from returns on other factors due to its uncertain and residual nature. Various theories such as Frictional, Monopoly, Compensatory, and Innovation shed light on the complexities of profit generation in business.

0 views • 15 slides

Explore the topic of profit and loss in Mathematics Class V through learning objectives, worksheets, videos, and explanations of cost price, selling price, profit, and loss. Practice solving real-world problems related to profit and loss to enhance your understanding. Embrace the concept that "Work

0 views • 29 slides

Learn about cost price, selling price, profit, loss, profit percentage, loss percentage, marked price, discount, successive discount, goods and services tax. Explore the historical context of profit and loss statements from the barter system to modern business transactions. Practice calculating prof

0 views • 31 slides

Profit and loss accounts provide a detailed overview of a business's trading income and expenditure over the previous 12 months. They involve calculating key figures like cost of sales and gross profit to assess the financial performance. This session aims to explain the concepts, answer common ques

0 views • 14 slides

Financial statements play a crucial role in understanding a firm's financial position and profitability. They include a Balance Sheet, Profit and Loss Account, and schedules. Trading Account is the initial step in final accounts preparation, focusing on gross profit or loss. It helps determine the p

0 views • 13 slides

Section 8 Companies and their profit distribution, net profit calculations under CSR, eligible CSR funds per Schedule VII, and clarifications on Administrative Overheads by MCA FAQs are covered in detail. Clear insights on CSR compliance requirements and calculations explained for better understandi

3 views • 45 slides

Net profit, also known as the bottom line, is a crucial indicator of a business's financial performance. It is calculated by deducting total expenses from gross profit. In the provided example for Frying Tonite, the net profit is $30,110 after subtracting expenses of $38,590 from a gross profit of $

0 views • 11 slides

The Compliance Monitoring Framework developed by the Office of Standards and Compliance aims to improve adherence to public administration norms and standards in South Africa. This framework is designed to reduce non-compliance through ongoing supervision, investigation, and promotion of proper beha

3 views • 19 slides

Musharakah is a partnership established through mutual consent for profit and loss sharing in joint ventures. Partners must be capable and enter into contracts freely. There are guidelines on profit distribution, non-working partners, capital contributions, and asset ownership in Musharakah. Avoid f

0 views • 17 slides

Explore the various types of enterprises such as financial, cultural, and social, and understand their key features and roles in society. Learn about local, national, and global organizations, financial enterprises' profit-making activities, and the societal contributions of both for-profit and not-

1 views • 18 slides

Delve into the fundamental disparities between non-profit and for-profit financial statements, exploring key indicators, such as balance sheets, assets, liabilities, and net assets. Discover the distinct financial structures and reporting methods that differentiate non-profit organizations from thei

0 views • 16 slides

Post Award Fiscal Compliance (PAFC) assists campus and central administrative units in mitigating non-compliance risks with sponsor terms and conditions by monitoring compliance, interpreting award requirements, providing training, and enhancing internal controls. The team includes Matt Gardner, Ass

0 views • 11 slides

Explore how State Capital Funds function for non-profit organizations in collaboration with the City, ensuring compliance with State laws for funding release. Learn about the pivotal role of the City's Department of Finance and other important factors in obtaining and utilizing these funds for commu

0 views • 25 slides

The presentation discusses windfall profit taxation measures in Europe, specifically in Italy, comparing the old Robin Hood tax with new contributions. It explores the aims, issues, tax rates, and bases of windfall profit taxation, highlighting its redistributive purposes and challenges in constitut

1 views • 14 slides

An accounting system plays a crucial role in providing information about a business's profitability. For sole traders, preparing a Trading and Profit and Loss Account along with a Balance Sheet helps depict the financial status. The process of finalizing accounts involves steps like Trading Account,

0 views • 8 slides

Cost-Volume-Profit (CVP) analysis is a crucial technique for businesses to assess the impact of changes in sales volume on costs, revenue, and profit. It helps in determining break-even points, planning future operations, and guiding strategic decisions under uncertain conditions. Understanding cost

0 views • 34 slides

Cost is the expenditure on goods or services, including opportunity cost. It can be explicit or implicit. Measuring opportunity cost involves factors of production and sacrifices. Economic profit considers opportunity cost while accounting profit does not. Production in the short run depends on inpu

0 views • 53 slides

The prevalence of for-profit child care centers in Canada is on the rise, with about 29% of center spaces dedicated to for-profit services in 2021. Ontario's childcare landscape shows a significant presence of both non-profit and for-profit multi-site groups. International examples from countries li

0 views • 13 slides

Explore crucial aspects of viability and development economics in real estate, including profit-making strategies, site identification, risk management, land valuation, and sustainable practices discussed in a seminar featuring guest speaker Ian Storey from Storey Homes. The event delves into the im

0 views • 14 slides

Learn the basics of non-profit accounting, including what defines a non-profit organization, common types of non-profits, governance structures, and legal responsibilities. Discover key insights on IRS and state requirements for non-profits in this informative presentation by Jessica Sayles, CPA fro

0 views • 55 slides

Billions of dollars are wasted annually due to healthcare Fraud, Waste, and Abuse (FWA), impacting everyone. Training and implementing effective compliance programs are crucial to detecting, correcting, and preventing FWA, protecting Medicare enrollees and the healthcare system. Non-compliance risks

0 views • 5 slides

The concept of business profitability, illustrated through Mr. Seow's iPhone selling business, is explained in detail. The calculation of profit considering costs like rent and salaries is demonstrated. Gross profit, net profit, and their significance in measuring business success are discussed alon

0 views • 8 slides

An income statement, comprising of a Trading Account and Profit and Loss Account, is vital for assessing a company's financial performance. It helps determine profits, losses, and overall worth. The Trading Account specifically calculates the gross profit or loss from core activities, while the Prof

0 views • 18 slides

Ratios in ratio analysis are crucial for analyzing and comparing business performance over time and against other businesses. They are categorized into profitability, liquidity, and efficiency ratios. Profitability ratios like gross profit percentage, net profit percentage, and return on capital emp

0 views • 31 slides

Boosters clubs looking to incorporate as non-profit organizations need to follow specific guidelines for federal and state filings. This involves obtaining tax-exempt status, completing necessary forms for recognition, and adhering to annual filing requirements. Additionally, bylaws must be establis

0 views • 31 slides

The CADCAI Audited Financial Report for 2016 reveals key insights into the organization's financial performance. CADCAI is a not-for-profit organization with income tax exemption and registered GST. The report showcases a current year profit of $14,067 and total retained profit since 1986 of $412,30

0 views • 19 slides

The application of the profit ratio function in the drinking water sector is discussed, focusing on optimizing value functions and measuring productivity change in the Netherlands. The function analyzes input demand, output supply, and profit ratios, offering insights into efficiency and profitabili

0 views • 20 slides

This text discusses the experiences of open access within the not-for-profit sector, focusing on the work of Care Alliance Ireland in supporting family carers. It highlights the challenges and benefits of collaboration between not-for-profit organizations, academia, and researchers, emphasizing the

0 views • 11 slides

Explore the concepts of profit maximization, revenue generation, and marginal analysis in economics. Learn how to define profit, calculate total revenue and cost, and understand marginal revenue. Discover the significance of marginal value of product and its impact on business decision-making.

0 views • 60 slides

Using a milk price of $10/cwt, grain price of $3/cwt, and hay price of $1.50/cwt, the profit-maximizing inputs for milk production are determined through mathematical calculations. The optimal weekly inputs are found to be 182.5 lbs of grain and 118.2 lbs of hay, resulting in a weekly profit of $23.

0 views • 4 slides

The OECD has conducted an extensive economic impact assessment of the Global Minimum Tax (GMT) for multinational enterprises (MNEs), focusing on tax rate differentials, profit shifting, low-taxed profits, and revenue gains. The research includes building a matrix of profit locations, assessing ETR h

0 views • 16 slides

Explore the concept of costs of production in business, distinguishing between explicit and implicit costs. Learn the difference between economic profit and accounting profit, and understand the importance of considering all costs in maximizing profit. Dive into examples and the production function

0 views • 36 slides

Compliance testing for IT systems developed and deployed for TAF TSI involves checking if messages comply with TAF XSD and basic parameters, assessing compliance of IT tools against TSI requirements, and issuing compliance assessment reports. The process includes testing messages for mandatory eleme

0 views • 4 slides

Ottawa's housing organizations face compliance challenges related to fire safety, including lack of code adherence, non-compliance issues, and legacy structural issues. Efforts to achieve compliance involve daily inspections, addressing combustible materials and obstructions, and obtaining funds for

0 views • 11 slides

The presentation provides data on crane registration compliance issues in Western Australia, highlighting common non-compliances and industry performance based on submissions between July 2012 and April 2014. Key areas of concern include AS 1418 compliance, design issues, and calculations for both c

0 views • 19 slides